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US P/C industry 2023 underwriting performance improved, but personal lines continue to drag

The U.S. P/C industry posted its second consecutive year of underwriting losses, driven primarily by personal lines, according to the latest industry underwriting projections by actuaries at the Triple-I/Milliman. See also: Triple-I Blog

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Triple-I stresses preparedness for ‘very active’ 2024 Atlantic hurricane season
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Insurance Industry Insurance Economics for Property Casualty
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Disasters + Preparedness Insurance for wildfires

If you live in a wildfire-prone area, it's important to review your insurance coverage and to know how to protect your home and yourself financially. Triple-I offers guidance on how to prepare. See also, Videos: Wildfire reality check: Tips for protecting your home  and Wildfire Safety Month 2024; Facts + Statistics: Wildfires.

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Disasters + Preparedness Recovering from a tornado
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Homeowners + Renters Insurance What should new homebuyers know about homeowners insurance?
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Life Insurance Tips for finding a lost life insurance policy
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Crime + Fraud How legal system abuse drives social inflation
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HBCU IMPACT: Bridging the insurance talent gap

To amplify the Triple-I commitment to Diversity, Equity, and Inclusion (DEI) in the workplace, Triple-I partnered with HBCU IMPACT®, whose mission is to increase the number of Black professionals in the insurance, risk management, financial services, and legal industries. View videos: HBCU Impact.

Podcast: All Eyes on Economics
Triple-I/Milliman: Personal lines drag on underwriting profitability continues
About the Industry Triple-I Issues Briefs: State of the risk; Trends and Insights
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I.I.I. Glossary

ANNUITY- A life insurance product that pays periodic income benefits for a specific period of time or over the course of the annuitant’s lifetime. There are two basic types of annuities: deferred and immediate. Deferred annuities allow assets to grow tax-deferred over time before being converted to payments to the annuitant. Immediate annuities allow payments to begin within about a year of purchase.

ELECTRONIC COMMERCE / E-COMMERCE- The sale of products such as insurance over the Internet.

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Triple-I and NICB Join Up to Help Consumers Fight Contractor Fraud

NEW YORK, May 20, 2024 --The Insurance Information Institute (Triple-I) and the National Insurance Crime Bureau (NICB) are marking this week (May 20-24, 2024) as Contractor Fraud Awareness Week (CFAW) to highlight how homeowners can protect themselves from dishonest contractors. Read More

US P/C Industry 2023 Underwriting Performance Improved, but Personal Lines Continue to Drag, New Triple-I/Milliman Report Shows

For Immediate Release Triple-I: Loretta Worters, lorettaw@iii.org Milliman: Jeremy Engdahl-Johnson, jeremy.engdahl-johnson@milliman.com   NEW YORK, MAY 14, 2024 – The U.S. Read More

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Events Calendar

IASA 2024 Xchange & OnPOINT
June
02
2024
Join IASA 2024 Xchange & OnPOINT for their annual conference and tradeshow for professionals in the insurance-accounting, finance, and IT industry. It will be held June 2–5, 2024 in Pittsburgh, PA. Checkout event website.
2024 CAS Seminar of Reinsurance
June
03
2024
Join 2024 CAS Seminar of Reinsurance which is being held June 3 in Boston, MA. Checkout event website.
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